Good for you! Cheers!

I didnt understand what you meant on the last part. Do tou mean to say, from 1.054 down to 1.0410 then up? why so?

Problem with the call is that, it might take a long while the position might be hammered with negative swap. it costs 1.4 pips a day for a short audusd...

sideline paid off - or more accurately, did not lose. but I should have listened to you instead!

There was a study on Hedge Funds Performance. Accordingly, Hedge Funds that do FX Trading on general LOST about 5% in 2011!!!! NOW that get me thinking. If these EXPERT TRADERS lost 5% in 2011, then how worse will it be for RETAIL TRADERS?

The reason why I dont wanna go short is because: #1. Hopium is strong #2. Retail Traders are getting extremely net short on AUDUSD which implies the wise money is on the Long Side. #3. Equity is trying its darnest to go up bringing AUDUSD (and other ...

I wanna go long, but I guess, its too late for me. If I wait for a retrace, hell, it might not be a retrace anymore but a selloff. If I go in right now @ 1.0530, it might be the top already. DAMN!

I noticed you took a LONG AUDUSD. Why? Was it because of a bullish AUDx, bearish USD on the last 4H candle?

Tough data to trade: Headline CPI was below expectation thus the selloff. A second later, Core (excluding food) came out higher thus the rally. Since food is seasonal, it is not a major factor when deciding for Interest Rates. Therefore, a ...

Possible that CPI would trigger the 50 RSI DK is looking for. IF CPI were to follow PPI, it suggests lower print. I heard Vegetables (food) are the ones rising? Can aussies confirm? FYI: Retail Traders are net short AUDUSD. The latest drop down to ...

I also use MACD crossover for signal. It is a lagging indicator no doubt and following a crossover is often delayed. Trying to use it on lower time frame may give me earlier signal however, is prone to "noise" / false signal caused by volatility. It ...

crappy decision. loss what else? taking it like it is a loss. Heads up: IIF's Dallara at CNBC IIF had made it's final offer on the table. EU FinMin not agreeing. IIF's Dallara hinted going to court.

DyeKid, What is your criteria for exiting a position? Just the StopLoss of 100 pips as you mentioned? Not Support/Resistance levels? What about change of index strength? ie, from bullish to bearish?

AUDx turned red for the week. Laguerre is turning over. MACD is red as well. USDx has bounced from its monthly support. wonder if AUDUSD is a good sell from here on in? AUDUSD @ 1.0465 is kinda very near strong support 1.0450

inspite of EU FinMin rejection of IIF offer, market did not sell off. This suggests to me that HOPE is very strong force. Both parties are still on the table err in their hotel rooms right now sleeping, to resume offers counter offers. EURUSD rose ...

That should be 1.0570 resistance. it is as strong as the 1.0400 (200SMA) a few days back.

i hope u are still holding on that short.

FOMC Day. IF FED hints of QE3 then its sell USD, market will rally. However, FED could also say, market is improving (hinting no QE3). it is going to be dicey, as no QE3 means no USD selloff but is bullish market. Then again, they could say, QE3 ...

As much as I agree with the overvalue, AUD and NZD kept appreciating defying fundy for more than 2 years now. Without fear in the market, these currencies will rise until Australia and NZ economy got screwed bad with strong currencies

rejected 3x... time to close and zzzzzzZZZZ